Softening Inflation Brings Small Relief to Australians in February

Softening Inflation Brings Small Relief to Australians in February
A man walks past a Woolworths supermarket on York Street in Sydney, Australia, on Aug. 24, 2022. Lisa Maree Williams/Getty Images
Alfred Bui
Updated:

Australia’s monthly inflation rate decreased for the second consecutive month in February, providing a small but much-needed relief for households struggling with rising living costs.

According to new data from the Australian Bureau of Statistics (ABS), the monthly consumer price index rose by 6.8 percent in the 12 months to February, down 0.6 percent from January.
Alfred Bui
Alfred Bui
Author
Alfred Bui is an Australian reporter based in Melbourne and focuses on local and business news. He is a former small business owner and has two master’s degrees in business and business law. Contact him at [email protected].
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